Massachusetts News

Armstrong Joins Executive Staff at ReSource Pro

K. Patrick Armstrong has joined the executive team at New York-based ReSource Pro as a business process consultant. Armstrong will work with insurance agencies, brokers, MGAs and carriers to implement insurance process outsourcing Patrick joins ReSource Pro with 20 years …

Couple Sues Massachusetts Hospital over Death of Children

The parents of two children whose aunt carried them onto a highway where all three were struck and killed, have sued a psychiatric hospital for allegedly failing to properly treat the woman’s mental illness. Ken and Danielle Lambert of Brentwood, …

Business Moves

ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and non-renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …

Declarations

Share the Road Safely “We want the drivers of big rigs and buses and those who share the roads with them to be safe.” —Transportation Secretary Ray LaHood announcing a U.S. government ban on “texting” by drivers of commercial trucks …

People

Tina Preisig, senior vice president of managed care at Pennsylvania-based insurer PMA Cos., has been selected by the LexisNexis Workers’ Compensation Law Center as one of the Workers’ Compensation Notable People for 2009. Preisig is a registered nurse with 30 …

Business Moves

ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and not renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Public Officials Liability Market Detail: Apogee Insurance Group a Berkshire Hathaway Group offers agents access …

Hanover Wants to Shift Some Louisiana Policyholders

The Hanover Insurance Group has asked state insurance regulators for permission to shut down two of the three property insurance companies it operates in Louisiana and shift about half of the affected 15,500 policyholders to another company. Under the proposal, …

Massachusetts Encouraging Brokerage Agreements for Former ERPs

Most Massachusetts insurance agents who were appointed as exclusive representative producers (ERPs) under the state’s previous insurance regime have obtained voluntary contracts with insurers or have merged with other agencies as a result of the new, managed competition system, said …

The Hanover Sees Earnings Jump

Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from $20.6 in 2008, when The Hanover’s …